DR. TOON BONGAERTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DR. TOON BONGAERTS
Largest movements
- Cash -€59,392
down €59,392 (-23.7%), from €250,373 to €190,981
mainly Contributions, distributions and other (-€237,564) and Other debts (-€22,169)
- Deferred charges and accrued income +€10,604
up €10,604 (+31.8%), from €33,396 to €44,000
- Tangible fixed assets -€8,628
down €8,628 (-50.7%), from €17,016 to €8,388
- Receivables within one year +€5,663
new in 2025: €5,663
- Other debts -€22,169
down €22,169 (-8.4%), from €262,733 to €240,564
- Tax, wage and social debts -€15,888
down €15,888 (-72.4%), from €21,956 to €6,068
- Current portion of long-term debt -€10,248
down €10,248 (-100%), from €10,248 to €0
- Gross operating margin -€34,282
down €34,282 (-9.5%), from €360,222 to €325,941
- Taxes -€8,232
down €8,232 (-10.0%), from €82,036 to €73,803
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,386 | €249,632 | -€51,754 | -17.2% |
| Fixed assets | 21/28 | €17,016 | €8,388 | -€8,628 | -50.7% |
| Tangible fixed assets | 22/27 | €17,016 | €8,388 | -€8,628 | -50.7% |
| Furniture and vehicles | 24 | €17,016 | €8,388 | -€8,628 | -50.7% |
| Current assets | 29/58 | €284,370 | €241,244 | -€43,125 | -15.2% |
| Amounts receivable within one year | 40/41 | - | €5,663 | +€5,663 | |
| Trade receivables | 40 | - | €5,663 | +€5,663 | |
| Current investments | 50/53 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €250,373 | €190,981 | -€59,392 | -23.7% |
| Deferred charges and accrued income | 490/1 | €33,396 | €44,000 | +€10,604 | +31.8% |
| Total equity and liabilities | 10/49 | €301,386 | €249,632 | -€51,754 | -17.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €298,386 | €246,632 | -€51,754 | -17.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €295,580 | €246,632 | -€48,948 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,248 | €0 | -€10,248 | -100% |
| Trade debts | 44 | €643 | €0 | -€643 | -100% |
| Suppliers | 440/4 | €643 | €0 | -€643 | -100% |
| Taxes, remuneration and social security | 45 | €21,956 | €6,068 | -€15,888 | -72.4% |
| Taxes | 450/3 | €21,956 | €6,068 | -€15,888 | -72.4% |
| Other amounts payable | 47/48 | €262,733 | €240,564 | -€22,169 | -8.4% |
| Accrued charges and deferred income | 492/3 | €2,805 | €0 | -€2,805 | -100% |
| Remuneration, social security and pensions | 62 | €4,731 | €3,734 | -€997 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,644 | €10,127 | +€483 | +5.0% |
| Other operating charges | 640/8 | €469 | €480 | +€12 | +2.5% |
| Gross operating margin | 9900 | €360,222 | €325,941 | -€34,282 | -9.5% |
| Operating profit (loss) | 9901 | €345,379 | €311,600 | -€33,779 | -9.8% |
| Financial charges | 65/66B | €636 | €232 | -€404 | -63.5% |
| Recurring financial charges | 65 | €636 | €232 | -€404 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €344,743 | €311,367 | -€33,375 | -9.7% |
| Income taxes | 67/77 | €82,036 | €73,803 | -€8,232 | -10.0% |
| Profit (loss) for the period | 9904 | €262,707 | €237,564 | -€25,143 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €262,707 | €237,564 | -€25,143 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.